come into play:开始;开始起作用剑桥词典英语释义:If something comes into play, it starts to have a use or an effect in a particular situation, and if it is brought into play, it is given a use or an effect.例句:In the summer months a different set of climatic factors come into play.A...
Open-End Credit is also known as revolving credit. Learn how it can affect your credit score today at Chase.
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Credit also can refer to an individual's or a business's creditworthiness. In accounting, a credit is a bookkeeping entry, the opposite of which is a debit. Investopedia / Sydney Saporito Credit in Lending and Borrowing Credit is an agreement between a creditor (lender) and a borrower (deb...
What Is an Example of Open-End Credit? Revolving credit like credit cards or home equity lines of credit (HELOCs) are considered open-end credit because you can reuse the credit as you pay the debt down. The Bottom Line Lines of credit can be useful financial products, but ...
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Credit cards are a great way to build credit and can provide expanded buying power. Familiarize yourself with what a credit card is, so you can benefit from using one.
"It's an ongoing 'open-end' credit obligation," Droske says. The biggest example of revolving credit is a credit card; the cardholder routinely makes charges, pays them off whether in full or partially, makes more charges and so on. The amount of money the borrower uses within their cr...
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What is a credit score?A credit score is a three-digit number that financial institutions use to estimate your future credit behavior based on your previous credit habits, according to the Consumer Financial Protection Bureau.As you use your credit card and manage loans, lenders typically report ...